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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (156618)9/7/2011 8:21:00 PM
From: Sam5 Recommendations  Read Replies (3) of 206110
 
Those situations aren't analogous at all, Bob. For one thing, see Jacob's reply. The fact is there are no major sectors out there that didn't get a boost in their infancy and usually their adolescence and sometimes even in their maturity from the government in one way or another. None. Zero. Nada. OK, maybe that is an exaggeration. Maybe you can name one--try it. I'd be interested in hearing about it. For every one that you name, I'll name three. Or more. Airlines. Railroads. Autos. Electronics. Pharmaceuticals. Medical equipment. Mining. Agriculture. They all have gotten--and many still get--government aid in one way or another.

Furthermore, Solyandra's failure doesn't jeopardize either the environment or tens of thousands of people's livelihoods in the way that the Macondo spill did. Yes, I know, I already hear you saying that shutting down GOM drilling took away people's livelihoods. But it extended to more than just the drillers. It was the tourism and fishing industries as well. The extent of the damage wasn't known for quite a while. As you know, I am not knowledgeable about drilling, I certainly couldn't pass informed judgment on what happened either way. However, it seemed like the prudent thing to do at the time given the uncertainty of about what was happening. Solyandra's technology has nothing to do with other solar companies. People know what caused Solyandra's failure.

Hope that helps.
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